RBI proposes norms to facilitate investment into overseas technology startups

Reserve Bank of India(RBI), the regulatory body that controls the monetary policies of the country, on Friday introduced a new draft framework to facilitate investments in overseas technology funds which further deploy these funds to foreign startups.

You might now be thinking that there already is an overseas direct investment policy in place, then why is RBI making amends to introduce this change? Well, in terms of aforementioned investments, RBI is of the opinion that they do not meet...

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